Jan 04 Watch 5:40 News Wrap: Fed seeks to reassure markets on interest rates In our Friday news wrap, the chairman of the Federal Reserve sought to ease Wall Street’s concerns over future interest rate hikes. Speaking at a forum in Atlanta, Jerome Powell said the Fed is “listening” closely to the market. Also,… Continue watching
Jan 04 Watch 5:28 December job creation, wage growth provide a burst of good economic news More than 300,000 jobs were created in December, doubling what was expected and signaling that the U.S. economy remains stable despite the recent market volatility and political tensions. In addition, wage growth was the highest it’s been in a decade. Continue watching
Jan 04 What will happen to the economy in 2019? Watch these 7 factors By Gretchen Frazee, Maea Lenei Buhre The final jobs report of 2018 released Friday, boasting 312,000 jobs added in December, puts the U.S. economy on track for another relatively strong showing in 2019, with economists predicting a slowdown coming toward the end of the year. Continue reading
Jan 03 Stocks take a beating after Apple reports iPhone sales slip By Marley Jay, Associated Press The rare warning of disappointing results from Apple stoked investors' fears that the world's second-biggest economy is losing steam and that trade tensions between Washington and Beijing are making things worse. The Dow Jones Industrial Average plunged 660 points. Continue reading
Jan 02 New Pentagon leader Pat Shanahan says he is focusing on China By Robert Burns, Associated Press On his first day as acting defense secretary, Pat Shanahan is emphasizing that China should be the Pentagon's main focus. Continue reading
Dec 31 China factory activity shrinks for the first time in 2 years By Joe McDonald, Associated Press China's factory activity shrank in December for the first time in more than two years, an official survey showed Monday, intensifying pressure on Beijing to reverse an economic slowdown as it enters trade talks with the Trump administration. Continue reading
Dec 28 Most Americans support gene editing to protect babies, poll finds By Lauran Neergaard, Associated Press Most Americans say it would be OK to use gene-editing technology to create babies protected against a variety of diseases — but a new poll shows they'd draw the line at changing DNA so children are born smarter, faster or… Continue reading
Dec 20 Watch 5:18 News Wrap: Stocks tank again amid rising interest rates, potential government shutdown In our news wrap Thursday, Wall Street plunged again amid slumping tech stocks, rising interest rates and fears of an impending government shutdown. The Dow Jones was down 464 points, the Nasdaq dropped 108 and the S&P 500 slid 39. Continue watching
Dec 20 Watch 6:11 DOJ says Chinese hackers compromised sensitive data The Department of Justice has indicted two Chinese hackers for infiltrating U.S. companies and government agencies and stealing vast amounts of sensitive data to help Chinese companies compete with their American counterparts. John Demers, assistant attorney general for national security,… Continue watching
Dec 20 WATCH: Justice Department levies charges against 2 Chinese hackers By Michael Balsamo, Eric Tucker, Associated Press The Justice Department is charging two Chinese citizens with carrying out an extensive hacking campaign to steal data from U.S. companies. Continue reading